2025 · Q113
While calculating the consumer price index, 'housing' as an item is classified as:
General KnowledgeIndian Economy
- ACore consumer durable
- BCore Consumer non-durable
- CCore capital goods
- DCore service
Explanation
In India's CPI, housing — essentially house rent — is classified as a service, and in the core/non-core split it falls under core (non-food, non-fuel) services. It is not a consumer durable, a consumer non-durable or a capital good. Housing carries a weight of roughly 10 per cent in the all-India CPI combined basket.